Samsung Electronics Co Ltd (SMSN.L,SSNNF.OB,SSNLF.OB) reported a profit for the second quarter that dropped 85.88 percent from last year as weak demand for memory chips persists. Quarterly sales also declined 22.28 percent from the previous year.
The South Korean electronics giant reported that its net income attributable to the shareholders of the parent company for the second-quarter dropped 85.88 percent to 1.55 trillion Korean won from 10.95 trillion won in the same quarter last year.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.